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Rick M's avatar

Great write up Florian! One small nitpick, you state the "bailout" will be paid for by the "tax payer". It was my understanding that the FDIC is picking up the whole tab by increasing the fees all banks pay to be covered by FDIC insurance (so all banks are actually picking up the tab). Am I wrong on that? Many thanks, Rick

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Frank's avatar

From an international perspective it's not obvious how a US banking and liquidity crisis leads to demand for dollars and a stronger dollar. Near-term the dollar seems to be weakening. Could gold and crypto be better safe havens than US bonds?

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